According to Reuters, on April 30, Reddit forecast second quarter revenue of $715 million to $725 million, above analysts’ $711.6 million estimate. The company attributed the outperformance to AI tools that help advertisers target users and manage campaigns. Reddit also projected adjusted EBITDA of $285 million to $295 million, exceeding estimates of $277.1 million. Active advertiser count rose 75% year-over-year, signaling strong demand from brands seeking access to Reddit’s engaged user base.
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